The Marshall Plan was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred over $13 billion in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures.
Kenneth Joseph Arrow was an American economist, mathematician, writer, and political theorist. He was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in 1972.
Robert Merton Solow, GCIH is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond and William Nordhaus later received Nobel Memorial Prizes in Economic Sciences in their own right.
Arthur Cecil Pigou was an English economist. As a teacher and builder of the School of Economics at the University of Cambridge, he trained and influenced many Cambridge economists who went on to take chairs of economics around the world. His work covered various fields of economics, particularly welfare economics, but also included Business cycle theory, unemployment, public finance, index numbers, and measurement of national output. His reputation was affected adversely by influential economic writers who used his work as the basis on which to define their own opposing views. He reluctantly served on several public committees, including the Cunliffe Committee and the 1919 Royal Commission on Income tax.
The Ark-La-Tex is a socio-economic tri-state region where the Southern U.S. states of Arkansas, Louisiana, and Texas join together. The region contains portions of Northwest Louisiana, Northeast Texas, and South Arkansas as well as the extreme southeastern tip of Oklahoma, in McCurtain County, partly centered upon the Red River, which flows along the Texas–Oklahoma state line into Southwestern Arkansas and Northwest Louisiana.
The American Legion, commonly known as the Legion, is a non-profit organization of U.S. war veterans headquartered in Indianapolis, Indiana. It is made up of state, U.S. territory, and overseas departments, and these are in turn made up of local posts. The organization was formed on March 15, 1919, in Paris, France, by a thousand officers and men of the American Expeditionary Forces, and it was chartered on September 16, 1919, by the United States Congress.
Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.
George William Miller was an American businessman and investment banker who served as the 65th United States secretary of the treasury from 1979 to 1981. A member of the Democratic Party, he also served as the 11th chairman of the Federal Reserve from 1978 to 1979. Miller was the first person to hold both of those posts.
Ernesto Cortés, Jr. is the Industrial Areas Foundation (IAF) co-chair and executive director of the West / Southwest IAF regional network.
Mançur Lloyd Olson Jr. was an American economist and political scientist who taught at the University of Maryland, College Park. His most influential contributions were in institutional economics, and in the role which private property, taxation, public goods, collective action, and contract rights play in economic development.
Charles Poor Kindleberger was an American economic historian and author of over 30 books. His 1978 book Manias, Panics, and Crashes, about speculative stock market bubbles, was reprinted in 2000 after the dot-com bubble. He is well known for his role in developing what would become hegemonic stability theory, arguing that a hegemonic power was needed to maintain a stable international monetary system. He has been referred to as "the master of the genre" on financial crisis by The Economist.
William Lockhart "Will" Clayton was an American business leader and government official. Much of his business career centered on cotton trading. He and his three brothers-in-law formed a partnership that grew into the Anderson, Clayton and Company, at one time the world's largest cotton trading company. Politically aligned with the Democratic Party, he opposed some of President Franklin D. Roosevelt's agricultural policies. He repudiated his opposition after Roosevelt's Secretary of State Cordell Hull worked for a reciprocal trade agreement.
The Lyndon B. Johnson School of Public Affairs is a graduate school at the University of Texas at Austin that was founded in 1970 to offer training in public policy analysis and administration for students that are very interested in pursuing careers in government and public affairs-related areas of the private and nonprofit sectors. Degree programs include a Master of Public Affairs (MPAff), a mid-career MPAff sequence, 16 MPAff dual degree programs, a Master of Global Policy Studies (MGPS), eight MGPS dual degree programs, an Executive Master of Public Leadership, and a Ph.D. in public policy.The LBJ School is currently ranked 7th among public affairs programs in 2022 by U.S. News & World Report, up from 8th in 2021.
Michael Jay Boskin is the T. M. Friedman Professor of Economics and senior Fellow at Stanford University's Hoover Institution. He also is chief executive officer and president of Boskin & Co., an economic consulting company.
John Patrick White was an American university professor and a government official who served in the Clinton Administration.
Henry Carter Adams was a U.S. economist and Professor of Political Economy and finance at the University of Michigan.
Lawrence Francis Katz is Elisabeth Allison Professor of Economics at Harvard University and a Research Associate of the National Bureau of Economic Research.
Robert Eisner was an American author and William R. Kenan professor of economics at Northwestern University. He was recognized throughout the United States for his expertise and knowledge of macroeconomics and the economics of business cycles. He was a regular contributor to the Wall Street Journal, The New York Times, Chicago Tribune, and The Los Angeles Times, primarily covering national economic policy and reform.
William A. Darity Jr. is an American economist and social sciences researcher. Darity's research spans economic history, development economics, economic psychology, and the history of economic thought, but most of his research is devoted to group-based inequality, especially with respect to race and ethnicity. His 2005 paper in the Journal of Economics and Finance established Darity as the 'founder of stratification economics.' His varied research interests have also included the Trans-Atlantic Slave Trade, African American reparations and the economics of black reparations, and social and economic policies that affect inequities by race and ethnicity. For the latter, he has been described as "perhaps the country’s leading scholar on the economics of racial inequality."
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